Demand Forecast in Retail Assortment Optimization—Based on an Empirical Analysis of Beverage Sales
نویسندگان
چکیده
منابع مشابه
An Algorithm and Demand Estimation Procedure for Retail Assortment Optimization
We consider the problem of choosing, from a set of N potential SKUs in a retail category, K SKUs to be carried at each store so as to maximize sales or a defined profit function. Assortments can vary by store, subject to a maximum number of different assortments. We describe an approach in which we view a SKU as a set of attribute values, use sales history of the SKUs currently carried by the r...
متن کاملAn Empirical Analysis of China’s International Reserves Demand Function
The study aims to estimate an international reserves demand model for China using economic growth, propensity to import, real effective exchange rate and trade openness variables for quarterly period spanning from 1985Q1 to 2014Q4.The bounds testing technique to cointegration is used to test for a long run relationship, while the autoregressive distributed lag approach is used to estimate short...
متن کاملA Clustering Based Forecast Engine for Retail Sales
Efficient and accurate sales forecasting is a vital part of creating an efficient supply chain in enterprises. Times series methods are a popular choice for forecasting demand sales. A major challenge is to develop a relatively inexpensive and automated forecasting engine that guarantees a desired forecasting accuracy. Times series decomposition and Forecast combination have been two classes of...
متن کاملRetail Demand Management: Forecasting, Assortment Planning and Pricing
In the first part of the dissertation, we focus on the retailer's problem of forecasting demand for products in a category (including those that they have never carried before), optimizing the selected assortment, and customizing the assortment by store to maximize chain-wide revenues or profits. We develop algorithms for demand forecasting and assortment optimization, and demonstrate their use...
متن کاملAn Empirical Analysis of Assortment Similarities Across U.S. Supermarkets
This paper examines pairwise assortment similarities at U.S. supermarkets to understand how assortment composition and size are related to underlying factors that describe local store clientele, local competitive structure, and the retail outlets’ characteristics. The top-selling items, which cumulatively make up 50% of sales, are sold at nearly every store, but other items are viewed as option...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Economics and Public Finance
سال: 2020
ISSN: 2377-1046,2377-1038
DOI: 10.22158/jepf.v6n1p57